Federal Insurance Office reveals important step towards greater climate risk disclosures in insurance industry.

As 1 million homes remain without power due to Hurricane Ida, the Federal Insurance Office (FIO) announced “an important step towards assessing climate-related financial risk in the insurance sector.” With more in-depth climate risk disclosures on the horizon, risk and insurance professionals should take additional steps to bolster their risk analytics capabilities as climate issues rise.

#insuranceindustry #riskmanagement #risktech #insurtech

https://www.insurancejournal.com/news/national/2021/08/31/629509.htm

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